Located in New South Wales within the Lithgow local government area, Morts Estate is a small community (postcode 2790). The area has roughly 545 residents and a settled, mature resident base, with a median age of 46. Households earn a median income of $59K per year, with an average household size of 2.2 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at -0.5% year-on-year at the LGA level. NSW employment has moved +0.3% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. NSW also had 37 Commonwealth-backed major projects under construction, 5 underway, and 75 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are clerical & administrative, labourers, technicians & trades. Employment in the area leans toward retail trade and healthcare. The top ancestries reported are Australian, English, Irish.
The median house price in Morts Estate is $530,000, having fallen by 4.2% over the past year. Units have a median price of $231,000. The current median weekly rent is $440. This gives a gross rental yield of approximately 4.3%. The median monthly mortgage repayment is $1,300.
Public transport access includes 9 bus stops. The crime rate in the Lithgow LGA is moderate at 4,772 incidents per 100,000 population.
Looking at the investment signals, Gross rental yield sits at around 4.3% (moderate yield). Property prices sit below the state median ($530K/$1.5M), which can point to relative value. The price-to-income ratio of 9.0x is considered moderate. House prices have moved -4.2% year-on-year. Population growth of -0.5% year-on-year points to declining demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.